June Maryland Casino Revenue Up A Bit in Year-Over-Year Comparison

June Maryland Casino Revenue Up A Bit in Year-Over-Year Comparison
Fact Checked by Jim Tomlin

Maryland’s six casinos generated an overall uptick in contributions to education in June as a result of an increase in gambling revenues compared to 12 months earlier.

But it was the performance of one specific casino, Live! Casino & Hotel, which mostly helped push the increase last month.

In June, the six Maryland casinos generated a total of more than $163.7 million in revenue, which was an increase of $971,931, or 0.6%, compared to June 2022. But the June total was down 3.4% from the revenue of about $169.4 million from the Maryland May casino revenue report.

The casinos’ gaming contributions to the state last month was $69.43 million, an increase of $1,072,086 (1.6%) compared to June 2022, according to figures released Thursday by Maryland Lottery and Gaming.

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Majority of Contributions For Education

The majority of casino contributions go to education and in June that amounted to $50.43 million, an increase of 1.5% compared to June 2022. Casino gaming taxes also support the communities and jurisdictions where the casinos are located. Other beneficiaries are Maryland’s horse racing industry, and small, minority- and women-owned businesses.

There are no Maryland online casinos; a bill was introduced this year in the state legislature to legalize iGaming but the idea failed to gain traction.

Among the six casinos, Live! Casino & Hotel in Anne Arundel County had the biggest increase in revenues from June 2022. The facility’s June 2023 revenue of almost $58 million was a jump of nearly $1.98 million, or an increase of 3.5%, in a same-month, year-over-year comparison. 

But MGM National Harbor in Prince George’s County continued to lead all Maryland casinos in revenues. Its revenue total of about $69 million in June 2023, was an increase of $632,428, or 0.9%, from June 2022.

Figures for Maryland sports betting for June have not been released; they should come out next week.

Breakdown of June Maryland Casino Revenue

Casino revenue in June at the other four facilities were as follows: Horseshoe Casino Baltimore, $15.94 million, a decrease of $1,110,637 (or 6.5%) from June 2022; Ocean Downs Casino in Worcester County, $8.68 million, an increase of $125,524 (1.5%); Hollywood Casino Perryville in Cecil County, $6.95 million, a decrease of $433,399 (5.9%); and Rocky Gap Casino in Allegany County, $5.12 million, a decline of $221,622 (4.1%) from 12 months earlier.

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A longtime reporter and editor who began writing on casinos and gaming shortly after Atlantic City’s first gambling halls opened, Bill covered the World Series of Poker and wrote a syndicated column on travel to casino destinations for a decade.

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